Effect of economic vulnerability on external debt in Sub-Saharan Africa: The role of natural resources and institutional quality

被引：0
|
作者：
Kinda, Mohamed Tidjane [1 ]
Zahonogo, Pam [2 ]
机构：
[1] Univ Joseph Ki Zerbo, Ouagadougou, Burkina Faso
[2] Univ Thomas Sankara, Ouagadougou, Burkina Faso
来源：
REGION ET DEVELOPPEMENT | 2024年 / 60期
关键词：
External debt; Economic vulnerability; Natural resources; Sub-Saharan Africa; ISLAND DEVELOPING STATES; BUSINESS CYCLES; PANEL-DATA; PUBLIC DEBT; DETERMINANTS; GOVERNMENT; INDEBTEDNESS; CORRUPTION; DEFICITS; GROWTH;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The objective of this research is to analyze the relationship between external debt and economic vulnerability, considering the role of natural resources and institutional quality in Sub-Saharan Africa. We use a dynamic panel model of 41 countries, estimated using the GMM-system method over the period 2000 to 2018. The results suggest that greater economic vulnerability tends to lead to an increase in external debt. Institutional quality can reduce reliance on external debt. For countries with significant natural resource rents, better institutional quality may not increase debt, but only up to a certain threshold of economic vulnerability.
引用
收藏
页码：73 / 90
页数：18
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